Apple's board recommends shareholders vote against proposal to eliminate diversity programs

Published 2025-01-11, 08:31 p/m
© Reuters. FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018.  REUTERS/Lucas Jackson/File Photo
AAPL
-
AMZN
-
CASH
-
META
-

(Reuters) - Apple (NASDAQ:AAPL)'s board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company.

The National Center for Public Policy, a conservative think tank, submitted a proposal that the company consider abolishing its "Inclusion & Diversity program, policies, department and goals."

The proposal cited recent Supreme Court decisions, and made the argument that DEI poses "litigation, reputational and financial risks to companies" and could make Apple more vulnerable to lawsuits.

Apple responded that it had a well-established compliance program and the proposal was unnecessary. It added that the shareholder proposal was an inappropriate attempt to micromanage Apple's business strategy.

"Apple is an equal opportunity employer and does not discriminate in recruiting, hiring, training, or promoting on any basis protected by law", the iPhone maker said in the filing. The news was first reported by TechCrunch.

Several major companies including Meta (NASDAQ:META) and Amazon (NASDAQ:AMZN) are winding down diversity programs ahead of Republican Donald Trump's return to the U.S. presidency as conservative opposition to such initiatives grows louder.

© Reuters. FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018.  REUTERS/Lucas Jackson/File Photo

Conservative groups have denounced DEI programs and threatened to sue companies over them, emboldened by a U.S. Supreme Court ruling in 2023 that struck down affirmative action in university admissions decisions.

The changes show how some of America's biggest businesses have reacted to a larger conservative backlash against diversity initiatives, which multiplied after widespread protests following the police killings of George Floyd and other Black Americans in 2020.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.